KEEL STEELS LIMITED

Take notice that I, the undersigned Liquidator, intend to declare a First Dividend to the unsecured Creditors in the above Matter. Creditors who have not yet lodged their proof of debt should do so in writing to the office of the Liquidator by 17 April 2002. Creditors who do not prove by that date will be excluded from the benefit of the distribution. It is my intention to declare a First Dividend no later than 24 April 2002. This notice is in accordance with Rule 11.2 of the Insolvency Rules 1986 (as amended.) Name of Liquidator and Address—M T Coyne, Poppleton & Appleby, 141 Great Charles Street, Birmingham B3 3LG. M T Coyne, Liquidator